The Currency Analytics
By TCA PR
Over the past week, Bitcoin (BTC) had seen with a tight trading range, especially when the crypto-asset oscillated between $8,200 low and $8,800 high.
Some analysts have noted that the BTC’s bullish market structure can be vulnerable to invalidation in the near future due to a lack of decisive momentum.
Meanwhile, the coronavirus outbreak happening in China caused a lot of investors to panic as market pressure continues to rise.
The crypto space has not an exemption in the coronavirus outbreak; they have also given up a few grounds.
Despite the unexpected geopolitical events that happened last week, which impacted the price movement of the cryptos, BTC remained the leading crypto-asset in terms of market cap…
Hedge Trade (HEDG) successfully reached a 13% rise, which placed the crypto at the number one spot for this week’s top performers.
On January 24th, the HEDG/USD pair rallied to $2.67010910, which is about $2888.91 rise from the $0.68654876 intraday low on December 5.
For the third time around, DASH became part of the weekly top performers in the crypto market. That’s due to its 10% gain in the previous seven days.
The DASH/USD pair’s pullback from their recent $142.3419 highs is considered to be shallow because the pulls were on dip buying near $90.2989.
The fifth week of BSV in the list favors the bulls. In the past seven days, the crypto’s price action remained volatile.
The BVS/USD pair is expected to have a range-bound movement between $337.80 and $237 in the next days. In the case that the bulls successfully break above the $337.
In the past seven days, ETC has seen with a rough rally to 4%. The pullback of ETH from its $12.040 recent highs resulted to a support level near $8.
Many folks are expecting that the ETC/USD pair could consolidate close to the $10 and $3.40 level.